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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Ahda who wrote (6657)	6/23/1999 3:07:00 PM
From: Hawkmoon	Respond to of 82082

Darleen, Under normal circumstances I could envision the Fed essentially taking back those 3 rate cuts it gave us last fall. However, I don't think this autumn will pass by without a bit of turmoil in the foreign and domestic markets. Personally, I would like to see the Fed raise rates 1/2 a point and adopt a neutral bias, as CNBC is currently reporting. That would get the markets mind off of rates and be a large enough pre-emptive move to satisfy the bond market, while providing the Fed the ability to react prudently in case of another financial lock-up in the ABS markets (asset backed securities). Isn't it funny how all of these corporations are making large bond offerings this summer?? It really has put pressure on US Treasuries. I suspect this attitude will change as we approach October. Regards, Ron